Northern Trust Corporation reports 42% Q3 net income increase to $464.9M, exceeding analysts' expectations.
Northern Trust Corporation announced a 42% rise in Q3 net income to $464.9 million, up from $327.8 million a year prior. Total revenue increased by 14% to $1.98 billion, exceeding analysts' expectations. Trust fees grew 8% and net interest income surged 21%. The company returned over $450 million to shareholders while continuing investments in its operations. Following the announcement, shares rose by 5% in pre-market trading.
October 23, 2024
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